YALTA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
YALTA
Largest movements
- Cash -€91,289
down €91,289 (-70.0%), from €130,335 to €39,046
mainly Stocks and contracts (-€69,266) and Accrued charges and deferred income (-€52,989)
- Stocks and contracts +€69,266
up €69,266 (+394.2%), from €17,570 to €86,836
of which Stocks: +€68,275
- Receivables within one year -€50,316
down €50,316 (-28.5%), from €176,463 to €126,146
of which Trade receivables: -€69,018
- Intangible fixed assets -€4,924
down €4,924 (-35.6%), from €13,825 to €8,901
- Accrued charges and deferred income -€52,989
down €52,989 (-96.6%), from €54,879 to €1,890
- Profit (loss) carried forward -€46,691
down €46,691, from €43,555 to -€3,136
- Trade debts +€42,548
up €42,548 (+506.7%), from €8,398 to €50,945
- Tax, wage and social debts -€18,232
down €18,232 (-95.7%), from €19,042 to €810
- Gross operating margin -€44,038
down €44,038, from €5,715 to -€38,324
- Write-downs +€12,286
up €12,286, from -€12,286 to €0
- Other operating charges -€9,146
down €9,146 (-94.6%), from €9,665 to €520
- Depreciation +€2,577
up €2,577 (+109.8%), from €2,347 to €4,924
- Taxes -€597
down €597, from €588 to -€9
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,479 | €261,919 | -€77,560 | -22.8% |
| Fixed assets | 21/28 | €13,825 | €8,901 | -€4,924 | -35.6% |
| Intangible fixed assets | 21 | €13,825 | €8,901 | -€4,924 | -35.6% |
| Current assets | 29/58 | €325,654 | €253,018 | -€72,636 | -22.3% |
| Stocks and contracts in progress | 3 | €17,570 | €86,836 | +€69,266 | +394.2% |
| Stocks | 30/36 | €17,570 | €85,845 | +€68,275 | +388.6% |
| Contracts in progress | 37 | €0 | €991 | +€991 | |
| Amounts receivable within one year | 40/41 | €176,463 | €126,146 | -€50,316 | -28.5% |
| Trade receivables | 40 | €169,252 | €100,234 | -€69,018 | -40.8% |
| Other amounts receivable | 41 | €7,211 | €25,912 | +€18,702 | +259.4% |
| Current investments | 50/53 | €45 | €45 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €130,335 | €39,046 | -€91,289 | -70.0% |
| Deferred charges and accrued income | 490/1 | €1,242 | €945 | -€297 | -23.9% |
| Total equity and liabilities | 10/49 | €339,479 | €261,919 | -€77,560 | -22.8% |
| Equity | 10/15 | €65,555 | €16,864 | -€48,691 | -74.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €0 | -€2,000 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €0 | -€2,000 | -100.0% |
| Profit (loss) carried forward | 14 | €43,555 | -€3,136 | -€46,691 | |
| Amounts payable | 17/49 | €273,924 | €245,055 | -€28,869 | -10.5% |
| Amounts payable after more than one year | 17 | €170,000 | €170,000 | = | 0.0% |
| Financial debts | 170/4 | €170,000 | €170,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,045 | €73,165 | +€24,120 | +49.2% |
| Financial debts | 43 | €292 | €19 | -€273 | -93.5% |
| Credit institutions | 430/8 | €292 | €19 | -€273 | -93.5% |
| Trade debts | 44 | €8,398 | €50,945 | +€42,548 | +506.7% |
| Suppliers | 440/4 | €8,398 | €50,945 | +€42,548 | +506.7% |
| Taxes, remuneration and social security | 45 | €19,042 | €810 | -€18,232 | -95.7% |
| Taxes | 450/3 | €19,042 | €810 | -€18,232 | -95.7% |
| Other amounts payable | 47/48 | €21,313 | €21,390 | +€77 | +0.4% |
| Accrued charges and deferred income | 492/3 | €54,879 | €1,890 | -€52,989 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,347 | €4,924 | +€2,577 | +109.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,286 | €0 | +€12,286 | |
| Other operating charges | 640/8 | €9,665 | €520 | -€9,146 | -94.6% |
| Gross operating margin | 9900 | €5,715 | -€38,324 | -€44,038 | |
| Operating profit (loss) | 9901 | €5,988 | -€43,767 | -€49,756 | |
| Financial income | 75/76B | €96 | €5 | -€91 | -94.5% |
| Recurring financial income | 75 | €96 | €5 | -€91 | -94.5% |
| Financial charges | 65/66B | €4,928 | €4,938 | +€10 | +0.2% |
| Recurring financial charges | 65 | €4,928 | €4,938 | +€10 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €1,156 | -€48,700 | -€49,856 | |
| Income taxes | 67/77 | €588 | -€9 | -€597 | |
| Profit (loss) for the period | 9904 | €568 | -€48,691 | -€49,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €568 | -€48,691 | -€49,259 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.